Item 2. Properties
Item
2. Properties
Our
corporate headquarters are located at 7 Clyde Road, Somerset, New Jersey 08873 where we occupy approximately 2,400 square feet of space
under a month-to-month lease. Additionally, at December 31, 2022 we lease approximately 126,000 square feet of office space in approximately
16 locations throughout the U.S., with lease terms that are typically five years or less. We also lease approximately 40,000 square feet
for five pediatric offices in the Midwest, with leases that will expire between April 2023 and April 2036.
We
lease approximately 18,000 square feet of land in Islamabad, Pakistan, where we constructed modular buildings used for office space and
computer server facilities for three years expiring on September 30, 2024, with the first two years under a non-cancellable lease. The
Company also leases a total of 47,000 square feet of office space in Bagh and Karachi, Pakistan, and in Sri Lanka. The lease in Sri Lanka
expires in March 2023 and we intend to renew it for an additional year at expiration.
We
believe our current facilities are adequate for our current needs and that suitable additional space will be available as and when needed.
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